Africa
Marathon produces first gas from Alba platform off Equatorial Guinea
Marathon Oil Corporation has achieved first gas production through its new Alba B3 offshore compression platform off Equatorial Guinea. Production from the B3 platform allows Marathon Oil to convert approximately 130 million barrels of oil equivalent of proved undeveloped reserves, more than doublin
ESC: Price Fixing Issue Not Solved by Carriers’ Commitments
The adoption of a decision that renders legally binding the commitments offered by fourteen container shipping companies, which brings more transparency to the maritime transport of containers price politics, “does not solve” the price fixing problem, according to the European Shippers’ Council (ESC
CMA CGM to Enhance Its Europe-West Africa Coverage
French container shipping company CMA CGM is to upgrade its EURAF 4 and EURAF 5 services connecting Europe and West Africa by improving the EURAF 4 with weekly calls at Bata and Malabo and the EURAF 5 with a direct call in Cameroon, both effective July 26. Within the new EURAF 5 service, the present
Heavily Grounded MV Benita Step Closer to Refloating
A number of cargo tanks aboard the heavily grounded bulk carrier MV Benita have now been pumped out, pressurised and sealed, and work continues to re-pressurise the remaining tanks and void spaces as the salvors prepare the vessel for refloating and safe removal. A demolitions expert from the US con
ConocoPhillips sells Senegal assets to Woodside
Australia’s Woodside is expanding into Africa with the acquisition of ConocoPhillips’ assets in Senegal. Under a binding Purchase and Sale Agreement (PSA) Woodside will buy all of ConocoPhillips’ interests in Senegal for the purchase price of $350 million, based on an effective date of 1 January 201
Woodside buys Senegal assets from ConocoPhillips
Australia’s largest LNG operator Woodside said it has agreed to buy ConocoPhillips’ stake in three exploration blocks, offshore the coast of Senegal for up to $430 million. Under the purchase and sale agreement, Woodside will acquire 100% of the shares in ConocoPhillips Senegal B.V. which holds a 35
Marathon Oil Achieves First Gas from Alba B3 Platform
Marathon Oil Corporation has achieved first gas production through its new Alba B3 offshore compression platform off Equatorial Guinea. “The Alba B3 compression project will allow us to maintain plateau production for the next two years, mitigating base decline, while extending the Alba field’s life
ZIM to Upgrade Its MAF Service
Israel’s shipping company Zim Integrated Shipping Services is restructuring and upgrading its Mediterranean-West Africa service (MAF) starting from the end July 2016. According to the company, the new structure will include wider ports coverage and updated transshipment arrangements. The company als
IEA sees rise in global oil supplies in June
Global oil supplies rose by 0.6 mb/d in June, to 96 mb/d, after outages curbed OPEC and non-OPEC supplies in May, while production was 750 kb/d below as higher OPEC output only partially offset non-OPEC declines, International Energy Agency (IEA) has informed in its Oil Market Report for July. IEA s
Top Firms Join Forces to Boost LNG as Marine Fuel
A number of companies have decided to join forces in a new cross-industry initiative called SEALNG, to accelerate the use of liquefied natural gas (LNG) as a marine fuel. Over 90% of global trade moves by sea and this trade is expected to increase substantially over the coming years. In terms of ton
Nigeria: Sirius Petroleum renews Ororo field license
The Nigerian Federal Ministry of Petroleum Resources (FMPR) has agreed to grant the Ororo field partners a three-year extension to the Ororo field license (OML 95), offshore Nigeria, with effect from May 1, 2016. The partners in the license are Sirius Petroleum, Guarantee Petroleum Company, and Owen
Angola LNG reissues supply tender
The $10 billion Angola LNG project, led by U.S. energy giant Chevron, has relaunched an international supply tender that was canceled in June.